Oppenheimer & Co. Inc. Sells 1,621 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Oppenheimer & Co. Inc. decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,012 shares of the company’s stock after selling 1,621 shares during the period. Oppenheimer & Co. Inc.’s holdings in Royal Caribbean Cruises were worth $3,017,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RCL. FSM Wealth Advisors LLC boosted its stake in Royal Caribbean Cruises by 3.2% in the 3rd quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock worth $290,000 after purchasing an additional 51 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Royal Caribbean Cruises by 20.9% in the third quarter. Venturi Wealth Management LLC now owns 353 shares of the company’s stock worth $63,000 after buying an additional 61 shares in the last quarter. Venture Visionary Partners LLC boosted its position in shares of Royal Caribbean Cruises by 4.8% during the third quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock worth $242,000 after acquiring an additional 62 shares during the last quarter. Empower Advisory Group LLC grew its stake in Royal Caribbean Cruises by 3.7% during the third quarter. Empower Advisory Group LLC now owns 1,755 shares of the company’s stock valued at $311,000 after acquiring an additional 63 shares in the last quarter. Finally, Ignite Planners LLC lifted its stake in Royal Caribbean Cruises by 4.3% in the 3rd quarter. Ignite Planners LLC now owns 1,856 shares of the company’s stock worth $329,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RCL. Truist Financial raised their price objective on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Citigroup lifted their price objective on Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Mizuho boosted their price target on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Royal Caribbean Cruises Stock Down 0.7 %

Shares of NYSE:RCL opened at $231.49 on Friday. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The business has a 50 day simple moving average of $192.17 and a two-hundred day simple moving average of $167.30. Royal Caribbean Cruises Ltd. has a 1 year low of $101.04 and a 1 year high of $238.10. The firm has a market capitalization of $62.24 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 0.62 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the business earned $3.85 EPS. Royal Caribbean Cruises’s revenue was up 17.5% compared to the same quarter last year. On average, equities analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current year.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the transaction, the chief accounting officer now directly owns 9,964 shares in the company, valued at $2,077,593.64. This represents a 40.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the sale, the insider now directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. This represents a 10.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,796 shares of company stock valued at $7,170,759 in the last 90 days. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.